SWK (NASDAQ:SWKH) Stock Price Down 0.3% – What’s Next?

SWK Holdings Corp. (NASDAQ:SWKH)’s share price traded down 0.3% during mid-day trading on Thursday . The stock traded as low as $17.26 and last traded at $17.30. 43,062 shares were traded during trading, an increase of 953% from the average session volume of 4,091 shares. The stock had previously closed at $17.35.

Wall Street Analyst Weigh In

SWKH has been the subject of several recent analyst reports. Maxim Group downgraded SWK from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Weiss Ratings restated a “hold (c)” rating on shares of SWK in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, SWK presently has an average rating of “Hold” and an average target price of $18.00.

SWK Stock Performance

The company has a fifty day moving average of $17.29 and a two-hundred day moving average of $16.02. The stock has a market capitalization of $209.26 million, a P/E ratio of 9.30 and a beta of 0.29. The company has a debt-to-equity ratio of 0.13, a current ratio of 5.68 and a quick ratio of 5.68.

SWK (NASDAQ:SWKH) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.25. The business had revenue of $13.72 million during the quarter. SWK had a return on equity of 9.81% and a net margin of 50.37%.

Institutional Trading of SWK

A number of institutional investors and hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. raised its stake in SWK by 41.2% during the third quarter. Russell Investments Group Ltd. now owns 3,795 shares of the company’s stock worth $55,000 after acquiring an additional 1,108 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of SWK by 40.5% during the third quarter. JPMorgan Chase & Co. now owns 5,298 shares of the company’s stock valued at $77,000 after purchasing an additional 1,527 shares during the last quarter. Bank of America Corp DE raised its position in shares of SWK by 41.8% during the 2nd quarter. Bank of America Corp DE now owns 5,595 shares of the company’s stock worth $82,000 after purchasing an additional 1,649 shares during the period. GSA Capital Partners LLP lifted its holdings in shares of SWK by 6.5% in the 3rd quarter. GSA Capital Partners LLP now owns 13,458 shares of the company’s stock worth $196,000 after purchasing an additional 821 shares during the last quarter. Finally, Bailard Inc. acquired a new position in SWK during the 3rd quarter valued at approximately $203,000. 99.27% of the stock is owned by institutional investors and hedge funds.

About SWK

SWK Holdings Corporation, offers specialty finance and asset management services in the United States. It operates in two segments, Finance Receivables and Pharmaceutical Development. The Finance Receivables segment provides customized financing solutions to a range of life science companies, including companies in the biotechnology, medical device, medical diagnostics and related tools, animal health, and pharmaceutical industries, as well as institutions and inventors. This segment also offers non-discretionary investment advisory services to institutional clients in separately managed accounts to invest in life science finance.